Foundations Investment Advisors LLC Raises Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Foundations Investment Advisors LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,373 shares of the company’s stock after acquiring an additional 11,618 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,873,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 38.5% in the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after buying an additional 2,572,333 shares in the last quarter. NorthRock Partners LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 38,107.1% in the 3rd quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock valued at $51,776,000 after buying an additional 1,103,200 shares in the last quarter. HighTower Advisors LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 51.5% in the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock valued at $122,933,000 after buying an additional 893,023 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Portfolio Emerging Markets ETF by 82.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,815,376 shares of the company’s stock valued at $84,978,000 after buying an additional 822,327 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in SPDR Portfolio Emerging Markets ETF by 54.2% in the 3rd quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after buying an additional 809,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2%

Shares of NYSEARCA:SPEM opened at $52.33 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $40.67 and a 52-week high of $53.03. The stock’s fifty day simple moving average is $49.86 and its 200-day simple moving average is $48.78. The company has a market capitalization of $17.94 billion, a P/E ratio of 15.39 and a beta of 0.60.

About SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.